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Bitfarms, Stronghold Digital Mining to Deploy 10,000 Miners in Pennsylvania

[Nov 2 7:30 AM] Bitfarms has partnered with Stronghold Digital Mining Hosting to deploy 10,000 miners at its Pennsylvania site, aiming to improve efficiency and expand its U.S. operations. Improved Efficiency Canada-based bitcoin miner Bitfarms has entered into a…

Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold

[Nov 1 2:51 AM] The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site. 

Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High

[Oct 29 3:02 PM] A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.

Crypto Biz: Bitfarms gets new board after months of power struggles

[Sep 27 9:30 PM] Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

Bitfarms, Riot settle dispute with board changes

[Sep 23 3:56 PM] Bitfarms’ board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.

Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting

[Sep 23 1:37 PM] Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of…

Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold

[Sep 14 6:31 PM] According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024. 

Crypto Biz: Crypto fever hits wealth managers

[Sep 13 9:00 PM] This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.

Bitfarms postpones ‘special meeting’ over Riot’s board change demand

[Sep 10 9:56 AM] Bitfarms delayed its special shareholders’ meeting to address Riot’s demand for board changes, aiming for an informed decision.

Bitfarms Hits Back at Riot Platforms’ Alleged Misleading Claims

[Sep 6 4:30 AM] Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at…

Bitfarms responds to Riot Platforms’ proposed board changes

[Sep 4 5:20 PM] Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed.

Riot Pushes for Overhaul at Bitfarms Ahead of Key Shareholder Meeting

[Sep 4 8:30 AM] Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent…

Riot Platforms urges Bitfarms board changes ahead of crucial October meeting

[Sep 3 12:20 PM] Riot Platforms urges further changes to Bitfarms’ board, proposing two independent directors ahead of a special meeting in October.

Bitfarms Takes Control of Its First US Mega-Site to Expand Bitcoin Mining Capacity

[Aug 29 6:30 AM] Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the…

Bitfarms assumes control of 120 MW mining mega-site in US

[Aug 28 9:46 AM] Bitfarms assumes control of its first U.S. mega-site, marking a significant expansion in its power capacity and mining operations.

Crypto Biz: Consolidation ramps up among crypto firms

[Aug 23 8:00 PM] This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.

Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger

[Aug 21 6:30 PM] On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first…

Bitfarms acquires Stronghold Digital Mining in $125M deal

[Aug 21 1:15 PM] As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held.

Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt

[Aug 21 11:16 AM] The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to overhaul the company's board before pursuing a takoever again.

Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms

[Aug 14 6:30 PM] Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment…

Riot Platforms boosts Bitfarms stake with $2.28M share acquisition

[Aug 14 8:49 AM] Riot Platforms continues navigating its complex relationship with Bitfarms while expanding its operations.

Ex-Bitfarms interim CEO steps down amid board shakeup

[Aug 13 7:30 PM] Bitfarms announced a new member and leadership to its board as Riot Platforms’ still appeared poised to replace three members in October.

Bitcoin miners record lowest daily revenue of 2024

[Aug 12 9:50 AM] Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.

Bitfarms stock rises 22% after Q2 loss came out better than expectations

[Aug 9 1:39 AM] Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.

Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate

[Aug 2 8:19 AM] Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.

Bitfarms forced to stop ‘poison pill’ strategy amid Riot takeover attempt

[Jul 24 10:00 PM] The Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attempt of their firm.

Bitfarms calls October shareholder meeting amid attempted Riot takeover

[Jul 12 10:30 AM] Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests.

Riot Platforms’ Bid Spurs Special Shareholders Meeting at Bitfarms

[Jul 12 10:08 AM] Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire…

Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms

[Jul 8 11:13 PM] Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special…

Bitfarms Leadership Change: Ben Gagnon Named CEO

[Jul 8 7:11 PM] Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the…